Publication of External Statistics data

Thursday, 30 March 2017

The Statistics Department of the Central Bank of Cyprus has released the external data statistics (balance of payments, international investment position and external debt) for the fourth quarter of 2016 (2016Q4), as well as the revised statistics for the first three quarters of 2016.

According to the latest provisional balance of payments data for 2016, the current account recorded a deficit of €941,8 million, compared with a deficit of €514,0 million in 2015. The international investment position of Cyprus in 2016 has improved, reaching a net liability position of €22.452,7 million, compared with €22.985,2 million in 2015. The external debt of Cyprus amounted to €106.912,0 million in 2016, compared with €97.082,1 million in 2015.

The Central Bank of Cyprus (CBC) was established in 1963, shortly after Cyprus gained its independence, in accordance with the Central Bank of Cyprus Law, 1963 and the relevant articles of the Constitution. Today the CBC is governed by the Central Bank of Cyprus Law, 2002 as amended (hereafter “the CBC Law”).